JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.4%

JPMorgan Chase & Co. (NYSE:JPM)’s stock price was up 0.4% during mid-day trading on Monday . The company traded as high as $194.22 and last traded at $194.18. Approximately 1,251,491 shares were traded during trading, a decline of 87% from the average daily volume of 9,327,816 shares. The stock had previously closed at $193.49.

Analysts Set New Price Targets

A number of analysts have issued reports on JPM shares. UBS Group cut their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Barclays boosted their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Price Performance

The firm has a market capitalization of $555.52 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. The company has a fifty day moving average price of $190.36 and a two-hundred day moving average price of $170.91. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity

In other news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the sale, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by company insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of large investors have recently made changes to their positions in the stock. Summit Global Investments boosted its stake in shares of JPMorgan Chase & Co. by 10.4% during the first quarter. Summit Global Investments now owns 24,806 shares of the financial services provider’s stock valued at $4,969,000 after acquiring an additional 2,341 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $136,885,000. RAM Investment Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.0% during the first quarter. RAM Investment Partners LLC now owns 1,521 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 175 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $1,185,000. Finally, Bradley & Co. Private Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 4.3% in the 1st quarter. Bradley & Co. Private Wealth Management LLC now owns 41,947 shares of the financial services provider’s stock worth $8,402,000 after buying an additional 1,728 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.